Curve Card, the ‘all your cards [unless they are Amex] on one card’ card, has just launched its new rewards program, called Curve Cash.
As a reminder, Curve offers to consolidate your entire card portfolio into one card, letting you pay with a Curve Card and re-charging your preferred linked credit or debit card.
Key benefits of Curve Card for points collectors include:
being able to pay abroad and have the charge re-charged (in £) to your linked miles and points Visa or Mastercard, with either a 0% or a very low FX fee – far lower than the standard 3% on your underlying card
being able to withdraw £200 of cash from an ATM every 30 days and have it recharged as a PURCHASE to your linked Visa or Mastercard (unless it is a NatWest, RBS or Tesco card)
It is particularly useful in combination with rewards credit cards in situations in which retailers do not (or charge a premium to) accept credit cards but do take debit cards. HMRC is a good example – you can pay your tax with Curve and have it recharged to your linked credit card as a purchase, earning reward points. Last week we looked at the value of signing up for a Curve Card.
Curve Cash lets you ‘double up’ on your rewards
This new program works in addition to reward programs on your underlying cards. This means you can ‘double dip’ on spend you push through your Curve Card.
The new scheme offers cashback at many top retailers. You get different benefits depending on which card you hold:
Curve Blue (the free version): 1% instant cashback on up to three pre-selected retailers for 90 days.
Curve Black: 1% instant cashback on up to three pre-selected retailers indefinitely
Curve Metal: 1% instant cashback on up to six pre-selected retailers indefinitely
You can select the retailers you earn cashback at. The choice includes top brands such as Amazon, Apple, Sainsbury’s, Waitrose, Tesco, M&S, Pret, TFL, Uber, Gett, Spotify and Netflix. This is the full UK list:
Four Seasons Hotels
House of Fraser
Marks & Spencer
Papa John’s Pizza
Pret a Manger
The White Company
Wyevale Garden Centres
A quick back-of-the-envelope guestimate is that a Curve Black cardholder should be able to easily earn £5 cashback per month (50% of the monthly fee) and a Curve Metal cardholder £7.50 (60% of the monthly fee if you are on the £150/year option).
This assumes that your top three choices account for £500 per month of spending (let’s say TFL, Pret and Waitrose) and your top six choices account for £750.
It could be a lot more, of course. If you have a family and are spending £100+ per week at Waitrose, Asda, Tesco, Lidl, M&S, Aldi or Sainsbury’s then you would generate £5 per month just from your top merchant.
This is a fairly good selection although you should do the maths before you select your retailers. Netflix and Spotify, for example, would yield fairly low cashback despite their recurring transactions: 1% on £9.99 is only 9p a month. You are likely to spend far more at supermarkets, Amazon or TFL.
If you use a Visa or Mastercard as your primary rewards credit card – which probably means you focus on the Virgin, Lufthansa or IHG Premium products instead of a BA Amex – you should do the maths to see if Curve Cash makes it worthwhile getting a Curve Card.
If nothing else, Curve Cash should be worth at least £10 to you if you apply for the free Curve Blue (plus £5 for using my referral code, see below) if you spend £300 per month at your chosen Curve Cash retailers. After 90 days, however, the free Curve Blue stops giving rewards.
You can find out more about Curve Card in our full recent review here.
PS. If you applied for Curve before February 2018, you will remain by default on the old Curve Rewards scheme. This has a smaller list of merchants but a higher cashback rate. You can switch to Curve Cash by contacting Customer Services. This may not make sense for everyone, depending on which plan you are on – you should have received an email in the last 48 hours explaining your options.
PPS. Remember that Curve will pay you £5 for trying it out if you use my referral code of OQB4J – a £5 cash credit will be added to your Curve Rewards balance. If you click through via the link here and then download the app it should track automatically. If it doesn’t, add the code when you register your details in the app – you will see a box to insert it.
Want to earn more points from credit cards? – December 2020 update
If you are looking to apply for a new credit or charge card, here are our December 2020 recommendations based on the current sign-up bonus.
British Airways American Express
5,000 Avios for signing up, no annual and a companion voucher for spending £20,000 Read our full review
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable credit card perk – the 2-4-1 companion voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and an unbeatable set of travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and the most generous non-Amex for day to day spending Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these:
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
American Express Business Platinum
40,000 points sign-up bonus and a long list of travel benefits Read our full review
British Airways Accelerating Business American Express
Earn both Avios and BA On Business points with your business spending Read our full review
Capital On Tap Business Rewards Visa
The most generous Avios Visa or Mastercard for a limited company Read our full review
Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history. By recommending credit cards on this site, I am – technically – acting as a credit broker. Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.